May Spending Report

An image of green Granny Smith apples, bagged, on display at the grocery store. In the foreground, there is a white block with black text reading: May Spending Report -This Fascinating Adventure

Welcome to our monthly spending report!

We do spend money, and live a comfortable, privileged life. However, there is some intentionality in how we spend our money. The objective almost always is to spend money on things which enrich our lives. So I talk about money all the time, and clearly love budgeting. How does this play out in my real life? 

Here’s a summary of what This Fascinating Adventure spent money on in May:

For privacy reasons, we aren’t sharing our income. Some expenditures will be notated as a percentage, some as a dollar amount. This listing does not include every category we spent money in this month. However, it does cover the larger or more common categories for us. 

We are able to review our monthly expenditures because we track our spending using Mint (not an affiliate link).

Note: In honor of full transparency, our household is in the top 5% of income earners in the United States. We recognize the advantages of being high income earners. 

Expenses (With Dollar Amounts)

Shopping: $172

This month Mr. TFA attended the grand opening of a new golf shop in town and was able to get $20 off his purchase! After the discount he ended up purchasing new golf balls and two golf gloves for $59 (which he was planning to buy anyway). 

I purchased some new bras for $113. 

Food/Dining: $526

We spent $447 on groceries this month. We also spent $79 on eating out three times. Once for a date between Mr. TFA and his mom, once for a date between Mr. TFA and me, and once for a gals date with me and a friend. 

Our grocery budget also includes all paper products (like toilet paper), and toiletries.

Lawn/Garden: $161

We spent $88 on supplies for our raised garden bed (including mulch and plants). 

An additional $73 was spent on mulch and grass killer for the front hedges. We also got some potting soil for our potted plants.

Furnishings: $208

This month we purchased a media chest for our bedroom (like the cretins we are). We know TV in the bedroom isn’t ideal, but I don’t want to hear it! 

Several months ago, my mom paid me back using store credit for a furniture store. This money was a reimbursement for an online purchase I made for her. Using the store credit, we were able to get the not-cheap piece of furniture we wanted (including delivery) for $208 out-of-pocket.

Are we even frugal people if we bought new furniture? Perhaps not as frugal as we could’ve been. This is actually one of the few pieces of new furniture we have purchased for our home. No regrets! We spend money on things that enrich our lives, and this media chest is lovely!

Auto: $411

We don’t even have a car payment! Cars are so expensive. For a two car household, we spent $227 in gas (I drive all over the city for work) and $184 for an oil change, state inspection, and registration. 

Since I will be working less in June, hopefully this number will go down.

Medical/Health: $141

$100 in co-pays for me (counseling) and $41 on a mouth guard for Mr. TFA. The co-pays are reimbursed via Mr. TFA’s HRA through work. 

Expenses (With Percentages) 

Housing: 19% of our net income

When we purchased our home, we intentionally looked at homes we could afford on one income. This includes the mortgage, property taxes, home owner’s insurance, utilities, etc. 

Because my income is variable, this percentage fluctuates. However, with the exception of utilities, for the most part this expense is fixed. 

Student Loan Payment: 19% of our net income

We are in debt-payoff mode, and are coming to the end of our last debt (sans mortgage): a student loan. Every dollar we can spare is siphoned toward the student loan balance (in addition to the minimum monthly payment, of course).

At this rate, our balance should be paid off well before the end of the year. 

Reducing my work schedule seems contrary to this goal. However, we weighed this financial decision, factoring in my happiness, and accept the slower payoff rate.

This amount is less than last month’s payment because we took a week off for our belated honeymoon. While Mr. TFA was still paid (PTO), I had a week off without pay (the life of a freelancer). 

Retirement Accounts/Savings/Taxable Investments: 32% of our gross income 

This is between a small pension I have, Mr. TFA’s pension and 457, our taxable investment account, and our savings accounts. 

I contribute to my solo 401k separately, and did not make a contribution this month. 

How’d We Do On Our Goals for May?

  • Continue to attack the student loan: We did well! I’d like to have thrown more money toward it, but considering I took a week off without pay last month, I collected less money in pay this month. However, we have it down to a 4-figure number now!
  • Begin saving for the next quarterly tax payment: We did well. By mid-June I will be able to pay June’s quarterly payment and begin ferreting away for September’s payment. 
  • I would like to work fewer hours this month, for self-care and burnout reasons: In May, I didn’t adhere to this entirely (or very much at all). However I did make some decisions regarding putting in my notice at a part-time job I hold, and also addressed my workaholic nature. June looks much more promising. 
  • Plant our garden: Yup!
  • Continue paying our savings account first: Yup!

Goals for June:

  • Stick to my reduced work schedule, no matter how much the pay cut stings my ego
  • Pay June’s quarterly tax payment, and begin saving for September’s
  • Continue attacking the student loan
  • Utilize my 3rd day off each week to reduce the time we spend doing household chores on Saturdays and Sundays.
  • Make a contribution to my solo 401(k)

Hey, yo, June! We’ve got your number! 

2 Comments on “May Spending Report

    • Thanks! When I see it all laid out I feel the sting of parting with so many dollars, even if they are on things that make life just a little more pleasurable. Definitely helps me be accountable to myself though! I’d rather know than not!

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